Federal Parent PLUS Loans

If you want to borrow a Federal Parent PLUS Loan for your undergraduate student, please complete the steps below. 

For more information about this loan program, see PLUS Loans.

Application Steps

Every year, the student and parent must submit a (Free Application for Federal Student Aid (FAFSA). One parent borrower must complete all of the PLUS Loan steps below.

Calculate how much to borrow

Your maximum PLUS loan amount = your Cost of Attendance Budget minus all your other financial aid.

You can borrow loans to cover both your TU charges and your other living and personal expenses.  To calculate how much you need to borrow for this academic year (Fall & Spring), compare your total grants/scholarships to your estimated costs.  To estimate your costs, review our estimated Cost of Attendance Budgets or review our current rates for tuition, room, and board

Request a PLUS Loan

  1. Go to StudentLoans.gov.
  2. The parent borrower must log in with the parent's Federal Student Aid ID.
  3. Choose Request a Direct PLUS Loan and complete the application.*
  4. A few days after you submit this application, you should receive an email reply with your credit check results.
  5. If you don’t receive a reply, go to StudentLoans.gov then My Loan Documents  Direct PLUS Loan Requests.
Application Tips
  • To avoid rebate check delays: Under Credit Balance Options, choose The Student (Parent rebate checks take several weeks longer).
  • Under Loan Amount Requested, choose your loan amount for this school year. 
  • Loan Period (for this school year):
    Fall 2017 & Spring 2018 terms = 8/2017 to 5/2018.

The Parent’s Master Promissory Note (MPN):

  1. New parent borrowers must immediately visit StudentLoans.gov and complete a PLUS MPN for Parents.
  2. Repeat parent borrowers should confirm that their MPN is already on file by visiting StudentLoans.gov then My Loan Documents → Completed MPNs.
  3. Three to four weeks after the parent completes these steps and the student has registered for classes, your PLUS funds will appear on your TU bill as Anticipated Aid.

Viewing Your TU Bill

  • Go to Towson Online Services.
  • Choose Self Service  Student Center.
  • Then, scroll down to the Finances bar and choose Account Inquiry.

Tips and Common Errors

  • All borrowers need a valid MPN and an annual PLUS request.
  • Pay careful attention to which fields want student identity data and which fields want parent borrower data.
  • Enter full legal names for student and parent borrower.
  • One parent is the borrower and that parent must complete all application steps (MPN and Application/Request).
  • The Loan Period can never exceed one academic year.

PLUS Loan Denial Options

If the federal loan processor denied your PLUS loan because of an adverse credit history, you have the following options: appeal the denial, appeal with an endorser, request additional unsubsidized loans.

Appeal the Denial

If you feel the reason that the PLUS loan was denied is no longer valid, you may appeal the credit decision with the Federal Student Aid. 

  1. Parent borrower must log into StudentLoans.gov with their FSA ID. 
  2. Under PLUS Loan Process select Document Extenuated Circumstances.
  3. Submit documentation showing the denial reason is no longer valid. If approved, Federal Student Aid will submit an approved PLUS loan to the financial aid office. 

appeal with an endorser

If you are unable to successfully appeal the credit decision, you may also find an endorser to co-sign your PLUS loan application. Choose an endorser with a strong credit history. 

  1. Your Endorser must log into StudentLoans.gov with their own FSA ID. 
  2. Under PLUS Loan Process select Endorse a PLUS Loan.
  3. Enter the borrower's last name and the endorser code/award identification number the parent borrower received when denied the loan. 
  4. Fill out and submit Endorser Addendum.

request additional unsubsidized loans

If your parent is unable to appeal the credit decision or use an endorser, the student will become eligible to borrow additional unsubsidized loans based on the PLUS denial. 

  1. Submit a PLUS Denial — Request for Additional Unsub, found within Forms & Online Services
  2. Students with 0-59 completed credits can request an additional $4,000 in unsubsidized loans for the financial aid year ($2,000/semester). 
  3. Students with at least 60 completed credits can request an additional $5,000 in unsubsidized loans for the financial aid year ($2,500/semester). 

Contact

Office of Financial Aid

Location
Enrollment Services
Room 339
All Contacts & Resources
Hours
Mon-Thurs, 8:30 am-5 pm; Fri, 8:30 am-4:30 pm (Call Center)

Mon-Thurs, 8 am-5 pm; Fri, 8 am-4:30 pm (Reception Desk)
Phone
410-704-4236
Fax
410-704-2584